Trend-Following Backtester · Guide · backtest 한국어

equity · SE

SSAB AB Class A backtest

10 trend-following strategies were compared on the full daily history of SSAB AB Class A. 5 beat buy-and-hold CAGR; Donchian 채널 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is ROC 모멘텀 (CAGR 11.6%, MDD -50.5%).

Data 2000-01-03 ~ 2026-07-31daily bars 6,743 (26.6 years)Costs 0.5%Venue OMXSTOMonthly snapshot 2026-07-31

Results by strategy

5 of 10 beat buy and hold (CAGR 4.7%, drawdown -93.9%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 12.7%, MDD -59.7%, Sharpe 0.55, 70% exposure.

Return/drawdown alternative: ROC 모멘텀 — CAGR is 8.0%p higher than buy and hold, while drawdown improves by 34.1%p (CAGR 11.6%, MDD -50.5%, exposure 58%).

The alternative must retain 75% of buy-and-hold CAGR, improve drawdown by at least 20% and 5 percentage points, and stay below 95% exposure; the ranking weights return retention 60% and drawdown improvement 40%.

Strategy · parametersCAGRMDDSharpeCalmarTotalTradesExposure
Donchian 채널 돌파
entryN=43, exitN=79
12.7%-59.7%0.550.2124.2x4370%
ROC 모멘텀
n=86, threshold=0
11.6%-50.5%0.540.2318.4x21358%
SMA 크로스오버
fast=43, slow=119
10.3%-56.1%0.490.1813.4x4759%
EMA 크로스오버
fast=45, slow=68
9.4%-58.3%0.470.1610.8x5160%
Supertrend
period=11, mult=2.6
6.5%-64.9%0.370.105.3x23150%
MACD
fast=22, slow=68, signal=21
3.0%-64.5%0.240.052.2x24451%
볼린저 밴드 돌파
n=34, k=2.3
2.1%-58.0%0.200.041.7x13228%
Keltner 채널 돌파
emaPeriod=56, atrPeriod=28, mult=1.9
1.6%-67.9%0.180.021.5x16141%
ADX / DI 방향성
period=33, threshold=22
0.9%-49.1%0.140.021.3x5210%
Parabolic SAR
step=0.005, maxStep=0.3
-0.3%-75.2%0.12-0.000.9x23352%
Buy and hold4.7%-93.9%0.310.053.4x1100%
1x 10x 2001 2005 2009 2013 2017 2021 2025 Donchian 채널 돌파Buy and hold
Donchian 채널 돌파: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -23% -47% -70% -94% 2001 2005 2009 2013 2017 2021 2025 Buy and holdDonchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -59.7% (2007-07-13 → 2013-09-30), recovered after 3,420 days.

Rules of the top strategy

A new high means a trend starting; a new low means it’s over (turtle-trading style).

Method and caveats

Past performance does not guarantee future returns. Parameters were selected on the same full-history sample using sharpe over 40 trials per strategy, so results contain in-sample bias. 0.5% trading costs are included; taxes, slippage and rejected orders are not.
Re-run the same setupAll asset reports

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